Number of the day

13 percent

That's how much tax AbbVie, the pharmaceutical giant, will eventually pay after it acquires Shire, compared with the 22 percent rate it currently pays. AbbVie's $54 billion purchase of Shire will move the Illinois company's legal residence, though not its operations, to Britain, where the corporate tax rate is lower. The deal caps a 2 1/2-month pursuit of Shire and comes as the U.S. government steps up scrutiny of so-called tax inversion deals.

Hear here

"The buyers are entrepreneurs, and they understand entrepreneurial capitalism, and they have a vested self-interest in not messing with the editorial."

Steve Forbes, on the sale of a majority stake in the family publishing company to a group of Hong Kong investors for $475 million. While Forbes will remain chairman and editor in chief, control of Forbes Media and its namesake magazine will go to the Asian consortium. Forbes, a two-time U.S. presidential candidate, put the company up for sale in November after years of dwindling profits as digital media cut into print advertising revenue.

Heads up

Netflix, the video-streaming giant, reports quarterly earnings Monday, and Wall Street expects net income to more than double to $70.5 million, with revenue climbing 25 percent to $1.3 billion. The Los Gatos company has been on a roll lately. This week it grabbed 31 Emmy nominations, including best drama for "House of Cards," and on July 1 the stock hit a record $473.10 after Goldman Sachs issued a favorable outlook for subscription and profit growth.